Business Intelligence for Oilfield Services

Business Intelligence for Oilfield Services Companies

Oilfield services companies face unique challenges as they attempt to drive their businesses forward. Sikich’s business intelligence team can address those challenges and deliver the information necessary to provide competitive advantage in this space. As part of Sikich’s OFS industry vertical solution, our BI consultants have worked closely with our OFS consultants to gather the data and deliver the actionable information that is specific to OFS companies.

Our approach to business intelligence blends the skills of our CPAs, the knowledge of our manufacturing consultants, and the practical experience of our Microsoft Dynamics NAV implementers. The result is years of experience in helping OFS companies improve their businesses, derive operational efficiencies and increase their bottom line.

BI Dimension, Metrics and KPIs for OFS

The business intelligence metrics and KPIs Sikich delivers can be sliced, diced and analyzed by the following dimensions for oilfield service companies:

  • Contracts
  • Assets
  • Well Number
  • Latitude / Longitude / Location Code
  • General Well Classification
  • Depth of Well
  • Status (Rental vs. Contract)
  • Location or Location Code – i.e. Gulf of Mexico, North Sea, Eagle Ford
  • Platform (or Rig Name)
  • Plays and Basins

This allows for the following questions and many others to be answered efficiently and accurately:

  • How many contracts in a Play?
  • What are Sales in a particular Play?
  • What Assets are deployed in a Play? What is the Quantity of those Assets?
  • What other wells are in a particular Play that our organization is not servicing?

Sikich’s BI consultants are experts at eliciting organizational goals, determining the appropriate data to track in alignment with those goals, understanding industry-specific metrics and KPIs, and creating dashboards and analytics that allow for the monitoring of those metrics in order to facilitate empowered decision making. 

For more information on Sikich’s Oilfield Service Business Intelligence solutions, please contact our BI team today.

With offices in Chicago, Decatur, Denver, Houston, Indianapolis, Milwaukee, Naperville, Rockford, Springfield and St. Louis, and with staff positioned across the country, we serve clients nationwide with the responsiveness of a local company.

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